The document discusses efforts to catalyze regional growth in Crimea through foreign investment and infrastructure development. It outlines the establishment of an agency to promote development in Crimea with EU and UNDP support. Key goals include increasing investment, developing local infrastructure, and supporting social and economic growth through projects in tourism, transport, and other industries. Specific initiatives focus on developing the hotel industry, ports, airports, and promoting Crimea as a cruise destination to take advantage of its potential for tourism growth.
2. 103, Avenue de
l’Armée, B1040 Bruxelles
87, Kievskiy
Ave, 83007, Donetsk, Ukrai
ne Promotion of Crimea in London
50B , Zhylyanskaya and Brussels May 2011
Street, Kyiv, Ukraine
www.euubc.com
3. February 2011: Goals:
Establishment of The Increase Foreign
Agency for Regional Investment
Development in the
Autonomous Region of Develop local
Crimea with financial infrastructure
support from the EU
and technical support
from the UNDP
Support from European
Private Investment
Institutions
4. May 2011 Goals:
Agreement on Supporting social
support of the and economic
“Joint Cooperation development of
Initiative in Crimea Crimea
(JCIC)” signed with specific focus on
the European tourism
Commission in building social
Brussels with a infrastructure
budget of €12 promoting Foreign
million. Direct Investment
5. EU keen to do more to encourage and promote
regional development particularly in Crimea
Support ARC ambition and vision to:-
◦ Establish friendly and welcoming business climate
◦ Develop improved image and branding
◦ Promote a stable and attractive FDI environment
Reduce disparity and development gap with other regions in
Ukraine
Key element in process of political association and economic
integration
Crimea first Region in Ukraine to secure EU Regional
Development Budget Line
7. 85 Partners from the
EU, Turkey and the
Eastern Partnership
countries:
A European Commission initiative, managed by EUROCHAMBRES, implemented by the East Alliance and co-financed by the European Union
www.east-invest.eu
8. Important goals for growth
Key flagship projects developing transport
potential
◦ Transport infrastructure
◦ Airport construction
◦ Port development
Key tourism projects
◦ Hotel development
◦ Cruise terminal development
www.ard.crimea.ua
9. The Cruise Industry has yet to gain
traction in the Black Sea compared with
other parts of Europe, where the industry
is well established
10. Sea Basin Passengers Tourist Spend Value Added
€ €
Mediterranean 1.1 bn 1.3 bn 607 m
Baltic Sea 146 m 183 m 73 m
North Sea 103 m 131 m 59 m
Black Sea 1.3 m 1.7 m .6 m
Distribution of cruise tourist spending (in euros)
calculated by EU sea basin
Source: Study by European
Commission on Maritime Industry in 2009
11. According to the Regional Development
Agency for Crimea: “Development of Crimea’s
hotel industry, specifically through attracted
investment, is a growing priority. There are
currently more than 30 investment projects in
the pipeline to develop the ARC’s hotel
industry.”
InterContinental Hotels Group sets sights on
growth in Russia Plans for 100 hotels in
Russia and CIS by 2020
12. Develop long term strategic
partnerships for growth
Hospitality training
Language training
Recruitment centres for global brands
Building supply and distribution for global
brands
13. EU UNDP and other
International Institutions
identify support key
projects and provide
legitimacy/transparency
for investors Improved Branding, Image
and Business Environment
of Crimea attracts Investors
and International
Corporations to invest in
flagship projects